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Abbey Mortgage Bank (NSA:ABBEYBDS) Long-Term Capital Lease Obligation : ₦0 Mil (As of Dec. 2023)


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What is Abbey Mortgage Bank Long-Term Capital Lease Obligation?

Abbey Mortgage Bank's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦0 Mil.

Abbey Mortgage Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abbey Mortgage Bank's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abbey Mortgage Bank Long-Term Capital Lease Obligation Chart

Abbey Mortgage Bank Annual Data
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Abbey Mortgage Bank  (NSA:ABBEYBDS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Abbey Mortgage Bank Long-Term Capital Lease Obligation Related Terms

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Abbey Mortgage Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Abbey Mortgage Bank PLC (NSA:ABBEYBDS) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
NSA:UBP NSA:JAIZBANK NSA:WEMA NSA:STERLINGNG CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180 BSP:ITUB3 USB
Traded in Other Exchanges
N/A
Address
No 23, Karimu Kotun Street, Victoria Island, Lagos, NGA
Website
http://www.abbeymortgagebank.com
Abbey Mortgage Bank PLC provides loan, mortgage and banking services to corporate and individual customers. The Bank's operations are geographically divided into two segments based on its operations within the northern and southern Nigeria The company offers a savings account, deposits, fund management services, personal loan, real estate and mortgage services and construction financing, among others.

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